Figure 13-o Bread 10 1D 1 2 3 456789 10 Jam Refer to Figure 13-6. Assume that th

Question

Figure 13-o Bread 10 1D 1 2 3 456789 10 Jam Refer to Figure 13-6. Assume that the consumer depicted in the figure faces prices and income such that she optimizes at point B. According to the graph, what change forces the consumer to r a. a decrease in the price of bread b. an increase in the pric c. a decrease in the price of jam d. an increase in the price of bread 32. jam Refer to Figure 13-6. Suppose the consumer is consuming at a point where the MRSxy > P/Py. If the consumer is a utility maximizer, he/she will respond by? a. Consuming less jam and b. Consuming less jam a c. Consuming m d. Consumin 33. ad

Explanation / Answer

32. An increase in price of bread would make the customer move from B to A

OPTION D

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.